CNBC: Kalshi perpetual contract trading volume exceeds 1 billion, raising doubts

According to CNBC, the trading volume of the Kalshi perpetual contract reached $1 billion in the first week of its launch. John Wang, the head of the Kalshi crypto sector, predicted that it would take 3.5 years for the market to reach the same trading volume. Polymarket team member Mustafa Aljadery asked about the open interest data of Kalshi perpetual contracts. Community members questioned the authenticity of Kalshi's trading volume and pointed out that its open interest data was only $4.5 million.